the overwhelming majority of hive tokens are purchased to serve the over 50,000 splinterlands fans demand for new cards
blogging is barely an after-thought
RE: If I Was Still On Hive
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If I Was Still On Hive
Do you have a breakdown to exemplify "barely an afterthought" and where does the reward pool factor into this?
the only real demand for hive is from splinterlands players buying cards
we know this because splinterlands players vastly outnumber active bloggers
the "reward-pool" only has the value it currently enjoys because of splinterlands
What percentage of that goes over to blogging?
about 4%
So 96% of the rewards from the pool go to splinterlands?
no, 96% of the buyers of hive tokens use them for splinterlands cards
So what about the Rewards from the reward pool?!
i'm so glad you asked that
the almighty "reward-pool" is comprised of new tokens, created out of thin air
in monetary terms, this is called "inflation"
and "inflation" steals money from SAVERS by diluting AVAILABLE SUPPLY (aka "increasing liquidity")
this drives the value of the token down
in other words, the almighty "reward-pool" is STEALING MONEY FROM SAVERS